Christopher Mercy joined J.P. Morgan in 1994. He is a Financial Risk Manager and member of the Columbus U.S. Fixed Income Money Market Team responsible for the trading and management of money market securities for both money market funds and separately managed accounts. Christopher has held the positions of senior portfolio manager and senior trader on the money market desk and municipal trader on the fixed income trading desk.

Patrick Watson, is money market fund manager for the Money Market Team. Prior to joining the firm in 1999, Patrick was a dealer services agent for The One Group Services Company. While there, he provided sales support for One Group® Mutual Funds to Banc One Securities Corporation registered representatives.

Christopher M. Tufts is head of U.S. taxable portfolio management and trading for the Global Liquidity business. An employee since 1997, Chris's team is responsible for the management of all taxable money market mutual funds and liquidity separate accounts in the U.S. Chris was formerly a portfolio manager for Global Liquidity's Sterling and Euro liquidity funds in London and also traded 2-5 year maturity corporate and U.S. Agency securities for U.S. short term fixed income mandates. Previously, Chris was a defined contribution plan analyst in the Investment Advisory Group of J.P. Morgan American Century Retirement Plan Services and a sales analyst in the Institutional business at JPMAM. Chris holds a B.A. in Economics and French from the College of the Holy Cross and spent his Junior year abroad at the University of St. Andrews, Scotland.

An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of the J.P. Morgan Funds. This and other important information is contained in the prospectus, which can be obtained from your financial professional and should be read carefully before investing.

Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors.

J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA/SIPC.